Can I retire at age 46 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$138,733$137,497$136,291$135,115$133,966$130,833
2 years$68,680$67,401$66,161$64,959$63,793$60,655
3 years$45,332$44,047$42,810$41,620$40,473$37,427
4 years$33,660$32,379$31,155$29,985$28,866$25,936
5 years$26,659$25,386$24,178$23,031$21,943$19,138
6 years$21,993$20,729$19,539$18,418$17,363$14,684
7 years$18,661$17,408$16,237$15,143$14,121$11,569
8 years$16,164$14,922$13,770$12,703$11,714$9,289
9 years$14,222$12,993$11,860$10,820$9,865$7,565
10 years$12,670$11,452$10,340$9,327$8,406$6,227
11 years$11,401$10,195$9,103$8,117$7,229$5,169
12 years$10,344$9,151$8,079$7,120$6,265$4,320
13 years$9,450$8,270$7,218$6,286$5,463$3,631
14 years$8,685$7,517$6,485$5,580$4,789$3,064
15 years$8,022$6,867$5,855$4,976$4,216$2,596
16 years$7,443$6,300$5,309$4,456$3,726$2,206
17 years$6,932$5,802$4,831$4,003$3,304$1,879
18 years$6,479$5,361$4,410$3,608$2,938$1,604
19 years$6,074$4,969$4,037$3,260$2,619$1,372
20 years$5,710$4,617$3,705$2,953$2,339$1,175
21 years$5,381$4,301$3,408$2,680$2,093$1,008
22 years$5,082$4,015$3,141$2,436$1,876$865
23 years$4,810$3,755$2,900$2,219$1,684$744
24 years$4,560$3,518$2,682$2,024$1,514$640
25 years$4,331$3,302$2,484$1,848$1,362$551
26 years$4,120$3,103$2,304$1,690$1,227$474
27 years$3,925$2,920$2,139$1,547$1,106$408
28 years$3,744$2,752$1,989$1,417$998$352
29 years$3,576$2,596$1,851$1,300$901$304
30 years$3,420$2,452$1,724$1,193$814$262
31 years$3,274$2,318$1,607$1,095$736$226
32 years$3,137$2,193$1,500$1,007$666$195
33 years$3,009$2,077$1,400$926$603$168
34 years$2,888$1,968$1,308$852$546$145
35 years$2,775$1,867$1,223$784$494$125
36 years$2,668$1,772$1,144$722$448$108
37 years$2,567$1,683$1,071$665$406$94
38 years$2,472$1,599$1,003$613$368$81
39 years$2,382$1,521$940$565$334$70
40 years$2,297$1,447$881$522$303$60
41 years$2,216$1,377$826$481$275$52
42 years$2,139$1,312$775$444$249$45
43 years$2,066$1,250$727$410$226$39
44 years$1,996$1,191$682$379$205$34
45 years$1,930$1,136$641$350$186$29
46 years$1,866$1,084$602$323$169$25
47 years$1,806$1,034$565$298$154$22
48 years$1,748$987$531$276$140$19
49 years$1,693$943$499$255$127$16
50 years$1,640$901$469$235$115$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,680,000, adding $5,672 every year, while hoping to spend $51,736 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/50/16 Blend
45$1,680,000$1,680,000$1,680,000$1,680,000
46$1,857,211$1,768,171$1,742,131$1,910,966
47$1,991,599$1,799,764$1,745,445$1,982,368
48$2,137,962$1,831,172$1,747,137$2,054,073
49$2,297,465$1,862,330$1,747,097$2,130,286
50$2,471,392$1,893,170$1,745,210$2,211,436
51$2,661,157$1,923,618$1,741,358$2,297,993
52$2,868,314$1,953,595$1,735,413$2,390,477
53$3,094,577$1,983,017$1,727,244$2,489,465
54$3,341,831$2,011,791$1,716,713$2,595,591
55$3,612,149$2,039,820$1,703,675$2,709,559
56$3,907,818$2,067,001$1,687,978$2,832,144
57$4,231,353$2,093,222$1,669,463$2,964,205
58$4,585,524$2,118,362$1,647,962$3,106,689
59$4,973,381$2,142,296$1,623,303$3,260,645
60$5,398,285$2,164,887$1,595,302$3,427,228
61$5,863,933$2,185,989$1,563,768$3,607,719
62$6,374,400$2,205,449$1,528,500$3,803,528
63$6,934,174$2,223,102$1,489,290$4,016,218
64$7,548,197$2,238,771$1,445,919$4,247,510
65$8,221,913$2,252,270$1,398,157$4,499,310
66$8,961,317$2,263,401$1,345,764$4,773,720
67$9,773,015$2,271,951$1,288,491$5,073,062
68$10,664,282$2,277,695$1,226,074$5,399,902
69$11,643,132$2,280,396$1,158,241$5,757,072
70$12,718,394$2,279,798$1,084,705$6,147,699
71$13,899,794$2,275,632$1,005,167$6,575,237
72$15,198,048$2,267,612$919,314$7,043,499
73$16,624,957$2,255,434$826,820$7,556,694
74$18,193,528$2,238,776$727,344$8,119,470
75$19,918,088$2,217,295$620,529$8,736,957
76$21,814,420$2,190,630$506,004$9,414,818
77$23,899,915$2,158,395$383,380$10,159,302
78$26,193,735$2,120,185$252,251$10,977,310
79$28,716,989$2,075,567$112,195$11,876,453
80$31,492,937$2,024,085$0$12,865,136
81$34,547,206$1,965,255$0$13,958,993
82$37,908,034$1,898,565$0$15,182,747
83$41,606,531$1,823,473$0$16,528,597
84$45,676,980$1,739,405$0$18,009,085
85$50,157,152$1,645,756$0$19,638,046
86$55,088,667$1,541,883$0$21,430,737
87$60,517,384$1,427,108$0$23,403,983
88$66,493,834$1,300,714$0$25,576,341
89$73,073,699$1,161,943$0$27,968,276
90$80,318,331$1,009,993$0$30,602,353
91$88,295,335$844,017$0$33,503,460
92$97,079,207$663,121$0$36,699,037
93$106,752,032$466,360$0$40,219,344
94$117,404,264$252,737$0$44,097,749
95$129,135,575$21,197$0$48,371,043
96$142,055,797$0$0$53,079,793
97$156,285,955$0$0$58,394,930
98$171,959,414$0$0$64,262,350
99$189,223,132$0$0$70,725,447
100$208,239,052$0$0$77,844,892